Kyle sets a redemption limit for the private credit fund. Investors had previously sought to withdraw 16%.

A private credit fund managed by the Carlyle Group has set a limit on redemptions, with investors previously requesting redemptions of 15.7% in the first quarter. The Carlyle Tactical Private Credit Fund, with a size of approximately $7 billion, stated in a letter to shareholders that the redemption limit is set at 5%, with actual payments totaling less than one-third of the requested amount by investors. Media reports on this letter show that based on the fund's net asset value as of December last year, investors requested redemptions of around $750 million and ultimately received only about $240 million.